Energy News Beat
Stainless Tankers of Norway has found a buyer for two of its oldest vessels listed for sale earlier this year.
The Oslo-listed outfit backed by UK-based Tufton Investment Management is offloading the 2005-built J19 stainless steel units Monax and Marmotas for $31.2m.
The buyer was not disclosed, but the company said the vessels should change hands in February and April 2025.
Both ships, currently estimated by VesselsValue at about $34m in total, were acquired a year ago in a $27m deal funded by upsizing the company’s existing loan facility.
The Andrew Hampson-led chemical tanker pureplay will have a fleet of seven ships once the transaction closes.
The fleet is managed by Tufton and trades in the Womar pool owned by Blue Ocean Partners, which anchored Stainless Tankers’ IPO in March 2023 as the largest investor.
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